7.4 Consolidated subsidiaries

The following legal entities are included in the consolidation of TenneT Holding B.V:

Voting interest

Economic interest

Subsidiary

Legal seat

Country

2016

2015

2016

2015

B.V. Transportnet Zuid-Holland

Voorburg

Netherlands

100%

100%

100%

100%

*

CertiQ B.V.

Arnhem

Netherlands

100%

100%

100%

100%

Duvekot Rentmeesters B.V.

Bathmen

Netherlands

100%

100%

100%

100%

HS Netten Zeeland B.V.

Middelburg

Netherlands

100%

100%

100%

100%

*

Nadine Netwerk B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

NLink International B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

NOVEC B.V.

The Hague

Netherlands

100%

100%

100%

100%

Omroepmasten B.V.

Vianen

Netherlands

100%

100%

100%

100%

Saranne B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

Stichting Beheer Doelgelden Landelijk Hoogspanningsnet

Arnhem

Netherlands

N/A

N/A

N/A

N/A

TenneT Blue B.V.

Arnhem

Netherlands

-

100%

-

100%

*

TenneT Duitsland Coöperatief U.A.

Arnhem

Netherlands

100%

100%

100%

100%

*

Tennet Green B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

TenneT Orange B.V.

Arnhem

Netherlands

100%

100%

100%

100%

TenneT TSO B.V.

Arnhem

Netherlands

100%

100%

100%

100%

TenneT TSO Duitsland B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

TenneT TSO E B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

TransTenneT B.V.

Arnhem

Netherlands

100%

100%

100%

100%

*

WL Winet B.V.

Maasdijk

Netherlands

100%

100%

100%

100%

DC Netz BorWin3 GmbH

Bayreuth

Germany

100%

100%

100%

100%

DC Netz BorWin4 GmbH

Bayreuth

Germany

100%

100%

100%

100%

DC Netz DolWin4 GmbH

Bayreuth

Germany

100%

100%

100%

100%

DC Netz GmbH

Bayreuth

Germany

100%

100%

100%

100%

DC Netz HelWin1 GmbH

Bayreuth

Germany

100%

100%

100%

100%

DC Netz SylWin2 GmbH

Bayreuth

Germany

100%

100%

100%

100%

NOVEC GmbH

Emsbüren

Germany

100%

-

100%

-

TenneT GmbH & Co. KG

Bayreuth

Germany

100%

100%

100%

100%

**

TenneT Offshore 1. Beteiligungsgesellschaft mbH

Bayreuth

Germany

51%

51%

31%

31%

TenneT Offshore 2. Beteiligungsgesellschaft mbH

Bayreuth

Germany

51%

51%

31%

31%

TenneT Offshore 4. Beteiligungsgesellschaft mbH

Bayreuth

Germany

100%

100%

100%

100%

TenneT Offshore 7. Beteiligungsgesellschaft mbH

Bayreuth

Germany

100%

100%

100%

100%

TenneT Offshore 8. Beteiligungsgesellschaft mbH

Bayreuth

Germany

51%

51%

37%

37%

TenneT Offshore 9. Beteiligungsgesellschaft mbH

Bayreuth

Germany

51%

51%

37%

37%

TenneT Offshore Dolwin 3 Beteiligungs GmbH & Co. KG

Bayreuth

Germany

51%

51%

38%

38%

**

TenneT Offshore Dolwin 3 GmbH & Co. KG

Bayreuth

Germany

51%

51%

38%

38%

**

TenneT Offshore Dolwin 3 Verwaltungs GmbH

Bayreuth

Germany

51%

51%

33%

38%

TenneT Offshore GmbH

Bayreuth

Germany

100%

100%

100%

100%

TenneT TSO GmbH

Bayreuth

Germany

100%

100%

100%

100%

TenneT Verwaltungs GmbH

Bayreuth

Germany

100%

100%

100%

100%

WL Winet GmbH

Emsbüren

Germany

100%

100%

100%

100%

* For these companies TenneT has issued a declaration of liability as referred to in Book 2, Part 9, Section 403 of the Netherlands Civil Code.** This company, which has been consolidated in these financial statements, has opted for the exemption of Section 264b of the German Commercial Code.

The consolidation includes the foundation Stichting Beheer Doelgelden Landelijk Hoogspanningsnet. The foundation temporarily manages funds arising from the maintenance of the energy balance and auctioning of capacity by TenneT TSO B.V. We can exercise direct control over its management and financial and operational policies, consequently the foundation is included in the consolidation of the Group.